Question

What is the current Cash Reserve Ratio (CRR) fixed by the Reserve Bank of India (RBI)?

A 4.25% Correct Answer Incorrect Answer
B 4.50% Correct Answer Incorrect Answer
C 4.75% Correct Answer Incorrect Answer
D 5.25% Correct Answer Incorrect Answer
E 5.55% Correct Answer Incorrect Answer

Solution

The CRR is among the important components of the RBI's monetary policy. As of 2024, the CRR rate is 4.5%, which has been effective since May 21, 2022.

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